The Sports Activities, Amusement and Recreation Activities Gross Value Added in Belgium showed significant fluctuations between 2013 and 2023. From 2013 to 2019, the value generally increased, peaking at 1260 Million Euros in 2019. However, due to the impact of COVID-19 in 2020, there was a sharp decline of 28.72%. The sector began recovering from 2021, with a notable increase of 18% in 2022, reaching 1220 Million Euros. In 2023, the industry rose further by 8.92% to 1330 Million Euros.
Looking forward from 2024 to 2028, the forecast suggests steady growth with a projected 5-year CAGR of 1.86%, culminating in a Gross Value Added of 1500 Million Euros by 2028. This reflects an overall forecasted growth rate of 9.63% over the next five years.
Future trends to watch for include digital transformations in sports and amusement activities, the increasing importance of health and wellness trends, and potential fluctuations due to economic and health crises. Additionally, innovations in virtual and augmented reality may significantly impact the sector.
